Legal & General Investment Management(LGIM) is launching a range of three multi-index income funds to meet growing demand for these kinds of vehicles.
The funds will be rated at risk level 4,5,6 versus 3-7 in the £600m wider range which was launched two years ago. They will offer exposure to equities, bonds and direct property with a bias towards income-producing assets. Its lowest risk profile fund, Multi-Index Income 4 fund, will look to produce a greater proportion of its income from sources such as fixed income, whereas the higher risk profile funds, Multi-Index Income 5 and 6 funds, will generate a greater proportion of their returns from equities. The funds will gain exposure to markets primarily via L&G's index-tracking f...
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